Floyd Financial Group LLC Invests $4.49 Million in Amazon.com, Inc. (NASDAQ:AMZN)

Floyd Financial Group LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 20,527 shares of the e-commerce giant's stock, valued at approximately $4,494,000. Amazon.com makes up 3.7% of Floyd Financial Group LLC's portfolio, making the stock its 8th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC raised its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com in the third quarter worth about $45,000. Finally, Values First Advisors Inc. purchased a new position in Amazon.com during the 3rd quarter valued at about $56,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the sale, the chief executive officer now owns 518,911 shares of the company's stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. Morgan Stanley lifted their price target on shares of Amazon.com from $230.00 to $280.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Roth Mkm upped their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Rosenblatt Securities boosted their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Moffett Nathanson increased their target price on Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $249.46.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $0.65 during midday trading on Monday, hitting $235.50. The company had a trading volume of 49,324,564 shares, compared to its average volume of 32,290,469. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $236.40. The company has a fifty day moving average of $220.27 and a two-hundred day moving average of $197.44. The company has a market cap of $2.48 trillion, a price-to-earnings ratio of 50.43, a PEG ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The business's quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.